Tesla, Panasonic Cement Their Vow To Build A Gigafactory

It’s official: Tesla Motors will team up with Panasonic to build what is shaping up to be the Mother of All Lithium-ion Battery Factories. Or Gigafactory, as Tesla calls it. The announcement on Thursday says Tesla will be in charge of providing and managing the land, buildings and utilities of the factory. Panasonic, which already is supplying Tesla with battery cells, will put money into buying the equipment for making the cells at the factory, the location of which has yet to be disclosed.More>>